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Senate Democrats blocked legislation Wednesday aimed at protecting consumers from paying higher prices when new data centers are built in their communities

(Bloomberg) — Microsoft Corp. co-founder Bill Gates warned that artificial intelligence is a “powerful enough” tool to kill off a substantial portion of humanity, joining a growing chorus of tech leaders and employees calling attention to AI’s existential risks.

The bill would “largely reinforce” a transition that is already underway as more states adopt large-load tariffs and is unlikely to pass the Senate before the midterm elections, analysts say.

Washington —One Senate Democrat on Thursday scuttled a Republican-led effort to pass legislation aimed at shielding Americans from energy costs attributed to data centers, despite the bill securing widespread bipartisan support in the House a day earlier. 

WASHINGTON — Under pressure to act on unpopular data centers, the House overwhelmingly passed bipartisan legislation Wednesday aimed at shielding consumers from higher energy costs when new data centers are built in their communities.

Bill Ackman, the billionaire founder of the hedge fund Pershing Square Capital Management, was a busy man during the second quarter. He and his team made some notable moves. For instance, the firm surprisingly closed its position in Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL). Why is this a surprise?